On November 18, 2020, the IRS issued Rev. Rul. 2020-27, directing that a taxpayer that receives a PPP cannot deduct expenses paid for with a PPP loan in the year they were incurred if the taxpayer reasonably expects to receive forgiveness of the loan. In conjunction with this guidance, the […]
The pandemic has been a harsh reminder that life is unpredictable and can change at any moment. This global health crisis has had a significant impact – physically, mentally, and financially – on all of us. Unfortunately, we all know someone who has lost a family member, friend, co-worker or […]
